Russia currently has 97 initiated foreign investment projects in Vietnam with a combined capitalization of US$1.95 billion, ranking it the 18th largest foreign investor in the country.
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Ministry of Planning and Investment statistics show Russian investments are mostly focused on processing and manufacturing with 34 projects totaling US$1.1 billion.
The mining industry has attracted 7 projects valued at US$581.2 million, and the real estate industry has lured 3 projects worth US$72.7 million.
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Russian businesses have also invested in construction, wholesales, retails, repairs, agriculture, forestry and seafood processing.
Russia has invested in 23 localities, and Binh Dinh province tops the list with 5 projects worth US$1.531 billion, followed by Hanoi with 23 projects capitalized at US$129 million.
Meanwhile, Vietnam has 19 investment projects totaling US$2.47 billion in Russia. The largest is the US$2.02 billion Rusvietpetro joint venture project invested by the Vietnam Oil and Gas Group (PVN) in Nhenhenxky to explore and exploit oil and gas.
The Hanoi-Moscow Commercial Centre Company, with registered capital of US$190 million, is offering entertainment, hotel and office leasing services in Moscow.
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